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[2012-10-04] Overseas buyers dominate the top of the London property market
Overseas buyers dominate the top of the London property market
04/10/2012 13:35
The extent of interest from overseas in London property is demonstrated by one agent in the capital who has not sold a single property to a UK buyer since 2005.
Fine & Country’s Mayfair Office is dealing exclusively with foreign buyers who see London as a safe haven for investment, especially the upper end of the market.
The top 5% of property by value in London continues to outperform tho... |
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[2012-10-04] Eurozone uncertainty plagues property investment funds in Europe
Eurozone uncertainty plagues property investment funds in Europe
04/10/2012 13:35
IPD real estate fund indices for Europe are starting to show a pronounced north/south divide, with vehicles investing in the Nordic region turning in the strongest returns through the last four six month periods, the latest analysis shows.
Those focused on Italy have been the weakest, with their underlying values falling significantly during the last year, it also shows.
The Nordic funds generated... |
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[2012-10-03] DTZ in deal to manage The Costa Nha Trang
DTZ in deal to manage The Costa Nha Trang
02/10/2012 13:35
T.D Joint-Stock Company has picked DTZ Vietnam as a management agency for The Costa Nha Trang luxury condo project in the central seaside resort town of Nha Trang.
In the deal, DTZ will be responsible for maintaining the building and providing services for apartment owners and tenants, among others.
The project has two buildings, with one of 29 floors with 244 high-end apartments and the other of 19 fl... |
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[2012-10-03] Investment fund predicts seven-year term to sell 70,000 apartments
Investment fund predicts seven-year term to sell 70,000 apartments
02/10/2012 13:50
Vietnam will need at least seven years to sell 70,000 apartments that lie empty if the country does not apply any stimulus measures.
Vietnam will need at least seven years to sell 70,000 apartments that lie empty if the country does not apply any stimulus measures.
The comments come from Dragon Capital and were included in a report presented at the Autumn Economic Forum recently hosted by th... |
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[2012-10-02] $1bn hotel complex project is years away from reality
$1bn hotel complex project is years away from reality
02/10/2012 13:05
The start of the delayed $1 billion Diamond Rice Flower hotel complex in X2 lot in Hanoi’s My Dinh district remains a mystery.
Developed by Kinh Bac City Development Share Holdings Corporation, work on the complex was expected to start at the end of 2011. However, in Kinh Bac’s mid-term financial report for 2012, the company released that as of June 2012, more than VND117 billion ($5.6 milli... |
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[2012-10-02] Addressing ambiguous land law issues
Addressing ambiguous land law issues
02/10/2012 13:10
Despite rising interest in property development in Vietnam, foreign investors have repeatedly complained about ambiguous laws governing the sector.
Nguyet Nguyen, senior associate from Mayer Brown JSM, discuss two key issues under the current laws that substantially hinder investors, causing them to think twice about investing in property projects in Vietnam.
The first issue relates to the obtainment of investmen... |
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[2012-10-02] Big C is full of beans despite depressed retail market
Big C is full of beans despite depressed retail market
02/10/2012 13:15
French-backed retailer Big C is looking to grab Vietnam despite a depressing retail market.
Big C, managed under the umbrella of Casino Group and its partner Viet-Nhat Real Estate, expressed its ambition to open three stores in northern Quang Ninh province’s Halong and Uong Bi cities in recent meeting between the group executives and provincial officials.
Its three stores Big C Hon... |
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[2012-10-02] Blooming is going ahead
Blooming is going ahead
02/10/2012 13:20
Korean Investment and Development Company is resuming construction of its Blooming Tower in Danang after a long delay due to the financial crisis.
Shin Yong Kyu, general director of Korean Investment and Development Company, said the developer “commits to inaugurate” the project in 2013’s fourth quarter. “We overcame the most difficult period. At this time, we are receiving strong support from our customers,&... |
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[2012-10-02] A sense of sharing needed
A sense of sharing needed
02/10/2012 13:45
Final touches are being put on a condo project on Nguyen Huu Tho Street in HCMC’s Nha Be District - Photo: Dinh Dung
Property developers have cut prices considerably in a desperate bid to boost sales of long-unsold housing to those in real need of a home. This lone move, nonetheless, is not enough to buck the downtrend. There should be a sense of sharing among all stakeholders such as housing firms, banks, authorities and customers ... |
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[2012-10-01] Condo projects in city largely unfinished
Condo projects in city largely unfinished
01/10/2012 15:15
Condo projects in HCMC for the most parts are unfinished, as the number of projects already in place accounts for some 17% of the total number of schemes that have been licensed, according to a review meeting on Tuesday.
According to the HCMC Department of Construction, the city currently is home to over 1,100 apartment projects on the total planned area of over 13,700 hectares. These projects if all accomplished will su... |
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[2012-10-01] Realty investment fund hard to raise
Realty investment fund hard to raise
01/10/2012 15:10
Although it is expected to have a positive impact on the property market, setting up a local property investment fund is a tough challenge for fund managers at the moment.
The recently-issued Government Decree 58 provides a legal framework for establishing domestic property investment funds, alongside foreign ones. David Henry, managing director of VinaLand, hoped the decree would create chances for investors to inject more c... |
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[2012-10-01] Mechanism sought for auction of SOE land plots
Mechanism sought for auction of SOE land plots
01/10/2012 15:45
HCMC is looking for a mechanism for auction of the land plots belonging to the State-owned enterprises (SOEs) that are to go public.
Evaluating land plots of SOEs is one of the difficulties faced by the city when equitizating such firms, said HCMC vice chairman Le Manh Ha at a meeting on Tuesday to review ten years of reforming SOEs in the city.
During the sale of the State stakes in the SOEs managed by HCMC in the... |
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[2012-09-29] Property and rent prices set to fall in UAE due to over supply
Property and rent prices set to fall in UAE due to over supply
28/09/2012 08:45
New properties coming on stream are expected to keep house prices and rents in the United Arab Emirates subdued and under pressure, it is claimed.
According to a new report from property advisor Tasweek only sought after locations in Dubai is likely to see any improvement because of the sheer number of releases in the real estate market.
Abu Dhabi is likely to see house prices and rents drop by betw... |
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[2012-09-29] London council is first to announce development deal since govt housing announcemen
London council is first to announce development deal since govt housing announcement
28/09/2012 08:55
Following the UK government’s recent announcement of support for a new build to rent sector, the Royal Borough of Kensington and Chelsea in London is the first to announce new developments on council owned land.
It has selected Grainger, the UK’s largest listed residential property owner and manager, to develop and manage two innovative housing schemes in the borough... |
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[2012-09-29] Property prices edge downwards in key US cities
Property prices edge downwards in key US cities
28/09/2012 08:40
Residential property values in US cities took a hit last month, falling by 0.1%, but it isn’t a cause for concern, according to the August index from Zillow.
It is the first time that prices have fallen in nine months but they are still up on a year on year basis, seeing an increase of 1.7% since August 2011.
Major markets that saw home values edge downward from July to August after experiencin... |
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